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IV Wake Up, Sleeping Beauty... and You Too, Prince Charming: Issues for Baby Boom Retirement
| Content Provider | CiteSeerX |
|---|---|
| Author | Dailey, Nancy |
| Abstract | Retirement security is a false illusion for millions of Baby Boom women. Less than 20%, only one out of five, Baby Boom women will experience a secure retire-ment despite tremendous strides into the workforce. The biggest risk to a comfortable r tirement is not in making bad investment decisions. The real risk is ignorance of the new rules of retirement for women (and most likely for men, as well). The key to a successful retirement for millions of Baby Boomers will be their ability to read the clues--some obvious, some not so obvious--that re piecing together their retirement puzzle. A wave of social, economic, and financial forces are shaping the Baby Boom's retire-ment destiny. The current macro-level debate about retirement confuses and masks the real issues for Baby Boom women. Although the nature of retirement for the Baby Boom generation has been evolving over the past 20 years, little or no attention has been given to the impli-cations for women's retirement. This paper will highlight the social structures that are determining retirement for female Baby Boomers. More importantly this paper will focus on what can be done to prepare them for old age to reflect he shift from shared responsibility (government-employer-individual) to individual responsibility for retirement security. Baby Boomers will be the first generation tojoin their parents in retirement, a historic first. What is at issue is whether or not they will ride the wave of retirement secu-rity enjoyed by their parents by taking action and indi-vidual responsibility for planning and savings, or whether they will get swallowed into poverty in old age. |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Comfortable Tirement Baby Boomer Retirement Puzzle Baby Boom Individual Responsibility Retirement Security Retire-ment Destiny Tremendous Stride Baby Boom Retirement Baby Boom Woman Real Issue Iv Wake Sleeping Beauty Retirement Confuses Real Risk Bad Investment Decision First Generation Current Macro-level Debate Female Baby Boomer Prince Charming Baby Boom Generation False Illusion Successful Retirement Financial Force Retirement Secu-rity Indi-vidual Responsibility |
| Content Type | Text |
| Resource Type | Article |
